Home ยป Japanese Cryptocurrency Trading Platform DMM Bitcoin Reveals 4,502.9 BTC Stolen in Hack

Japanese Cryptocurrency Trading Platform DMM Bitcoin Reveals 4,502.9 BTC Stolen in Hack

DMM Bitcoin, a Japanese cryptocurrency exchange platform, recently disclosed that its system was compromised, resulting in the theft of 4,502.9 BTC, valued at approximately 48 billion yen or over 11 billion baht.

Investigations into the transfer of the stolen bitcoins from Blocksec revealed that the perpetrators distributed this set of bitcoins among 10 wallets, each containing 500 BTC.

As a response to the incident, DMM Bitcoin assured its affected customers of full compensation in equivalent BTC value. The company has implemented additional measures to prevent such incidents in the future, including limitations on spot trading and potential delays in yen withdrawals from the platform.

Source: CoinDesk

TLDR: DMM Bitcoin’s system was hacked, resulting in the theft of 4,502.9 BTC. The company will fully compensate affected customers and has enhanced security measures to prevent future incidents, causing potential delays in yen withdrawals.

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